News of the oft-injured center’s decision was first reported by ESPN and followed by several other media outlets very late Wednesday night. Bynum met with the Cavaliers on Monday and left with a two-year, $24 million contract offer. He met with the Hawks on Tuesday and the Mavericks on Wednesday. According to the reports, the Cavs offer called for $6 million in guaranteed money in the first year with added incentives. The second year was a club option.

“It was the best situation,” Bynum’s agent David Lee told The Cleveland Plain Dealer. “The team looks terrific. We could not find a negative.”

The 25-year-old Bynum did not play last season as a member of the 76ers as he battled knee problems that required surgery.

It was the second 7-footer the Hawks missed out on in the last week after Dwight Howard was wooed by Atlanta but ultimately decided to join the Houston Rockets.

The news, unfortunately for Hawks fans, didn’t get better Thursday.

Restricted free agent point guard Jeff Teague’s days in Atlanta are over after he accepted a four-year, $32 million offer sheet with the Milwaukee Bucks.

When the deal is officially signed and turned into the NBA office

The Hawks have three days to match, but many expect they’ll let Teague walk.

Teague, who reportedly informed Hawks general manager Danny Ferry that he was ready to move on, made little progress in contract talks to stay in Atlanta.

Teague had a career year in 2012-13, averaging 14.6 points and 7.2 assists. He was drafted by the Hawks in 2009.

Schroeder signs: First-round draft pick Dennis Schroeder announced on social media that he signed a contract with the Hawks on Thursday.

“Its official! I signed the contract with the Atlanta Hawks!! Im Glad to be here :-) #ATL,” the point guard tweeted Wednesday afternoon.

The Hawks did not announce the signing.

Schroeder, the 17th overall selection last month, will participate for the Hawks in the Las Vegas Summer League. The team had to work through contractual issues with FIBA, basketball’s international governing body. The 20-year old played professionally in his native Germany before declaring for the draft. The Hawks team, already practicing in Las Vegas, opens summer league play Friday.

The Hawks have not signed fellow first-round pick Lucas Nogueira.

Summer League update: Quin Snyder will initially coach the Hawks summer league team. The assistant will assume the role in place of head coach Mike Budenholzer. It is not uncommon for assistants to coach summer league teams.

The Hawks will open a minimum five-game schedule against the Clippers.

The Hawks have yet to announce their roster for the league. Known players who will participate include John Jenkins, Mike Scott, Shelvin Mack, Jared Cunningham, Kyle Weems, second-round pick Mike Muscala and Schroeder.

Hawks talking to Tolliver: Unrestricted free agent Anthony Tolliver is talking to five teams, including the Hawks, according to a person familiar with the situation. Tolliver played last season for the Hawks. The forward hopes to make a decision soon.